The Deputy Prime Minister warned that ministers would not stand idly by if
banks that had been bailed out by the taxpayer started handing out hugh
rewards to their staff, at a time when the whole country was facing
austerity.

Mr Clegg added that he was not ruling out any options against banks, including
a further levy.

“Clearly, if the banks pay themselves unjustified bonuses, we reserve the
right to take very serious action on that,” the Liberal Democrat leader told
BBC